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U.S. Weekly Jobless Claims Unexpectedly Dip To 230,000
(RTTNews) - The Labor Department released a report on Thursday unexpectedly showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended August 19th.
The report said initial jobless claims slipped to 230,000, a decrease of 10,000 from the previous week's revised level of 240,000.
Economists had expected jobless claims to inch up to 240,000 from the 239,000 originally reported for the previous week.
Meanwhile, the Labor Department said the less volatile four-week moving average crept up to 236,750, an increase of 2,250 from the previous week's revised average of 234,500.
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U.S. Business Inventories Rise In Line With Estimates In June
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U.S. Consumer Sentiment Unexpectedly Deteriorates In August
Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.
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U.S. Industrial Production Pulls Back Slightly In July
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U.S. Consumer Sentiment Index Unexpectedly Decreases In August
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U.S. Import Price Growth Exceeds Estimates In July
The Labor Department released a report on Friday showing import prices in the U.S. increased by more than expected in the month of July. The report said import prices climbed by 0.4 percent in July after a downwardly revised 0.1 percent dip in June. Economists had expected import prices to inch up by 0.1 percent, matching the 0.1 percent uptick originally reported for the previous month.
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U.S. Retail Sales Climb 0.5% In July, In Line With Estimates
A report released by the Commerce Department on Friday showed retail sales in the U.S. increased in line with economist estimates in the month of July. The Commerce Department said retail sales climbed by 0.5 percent in July after jumping by an upwardly revised 0.9 percent in June.
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U.S. Industrial Production Edges Slightly Lower In July
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